Mining Stock Daily Minera Alamos on the Conservative Approach for Copperstone's Republished PEA
Mar 12, 2025
In this episode, Doug Ramshaw, the President of Minera Alamos, shares insights on the Copperstone project following its recent Preliminary Economic Assessment. He discusses the conservative economic assumptions utilized and the project's promising indicators amidst fluctuating market conditions. Topics include an optimistic timeline for the project's reactivation, strategic optimization of mining plans, and the regulatory hurdles in Arizona. Doug also highlights the anticipation surrounding permitting updates in Mexico, which could significantly impact industry sentiment.
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Conservative Gold Price
- Minera Alamos uses a lower base case gold price ($1800/oz) for their Copperstone PEA than many peers ($2100/oz).
- This is because it's a re-release of a prior PEA and changing the base case would require a full rewrite.
Optimization and Study Plans
- Focus on optimizing mining costs and refining engineering plans to improve project economics.
- Don't expect a PFS or feasibility study for this brownfields restart, as the existing data is sufficient.
Timeline to Production
- Copperstone aims to restart production by mid-2026, with underground development commencing late 2024.
- This timeline is conservative, adding two months to the original PEA estimate.